Landlord's Agent in 2026
Michael Sullivan
ML Sullivan Property Management
(919) 493-7633
81 Total Sales
2422 Memory Ridge Dr Raleigh, NC 27606
Crossroads NeighborhoodEstimated Value: $417,000 - $446,000
3
Beds
2.5
Baths
1,860
Sq Ft
$230/Sq Ft
Est. Value
Highlights
- Wood Flooring
- No HOA
- Community Pool
- 1 Fireplace
- Screened Porch
- 1 Car Attached Garage
About This Home
As of January 2026Executive Townhouse for Rent: Prime Access to Raleigh, Cary, Durham, & RTP, North Carolina.
This exceptional end-unit townhouse offers an unparalleled blend of luxury, space, and convenience, making it the perfect home base for professionals working in Raleigh, Cary, Durham, or the RTP (Research Triangle Park) area. Luxury Living & Prime Location
Location: Perfectly situated with quick access to I-40, putting downtown Raleigh dining and entertainment just minutes away. Commute effortlessly to Cary and the RTP business parks. Chef's Dream Kitchen: A truly extensive kitchen featuring abundant cabinet storage, a stylish tile backsplash, and a massive center island for meal prep and entertaining. All major appliances are included. Elegant Main Level: Enjoy a bright, open-concept floor plan highlighted by attractive 9-foot ceilings and stunning hardwood floors. Cozy Amenities: Relax by the inviting gas log fireplace or step out onto the tranquil screened porch (complete with a ceiling fan). Spacious & Thoughtful Design
Master Suite Retreat: The large master bedroom features an elegant tray ceiling and two separate closets for ample storage. Spa-Like Master Bath: Unwind in the luxurious ''Glamour Bath,'' which includes a relaxing garden tub, a separate shower, and a dual-sink vanity. Secondary Bedrooms: Two additional spacious bedrooms share a well-appointed hall bath with dual sinks and durable tile flooring. Convenience: Laundry is a breeze with the dedicated laundry closet conveniently located on the second floor (washer/dryer included). Community & Extras
Garaged Parking: Secure your vehicle in the spacious garage featuring easy-to-clean epoxy floors and an extra storage area. Walkability: Enjoy the neighborhood with a pleasant walking distance to Silver Lake. The Triangle Advantage: Live close to everything—from Raleigh's vibrant city life to the job centers of Durham and the amenities of Cary, NC. No undergraduates, thank you. Pets per policy. Smoking and/or vaping of any kind is strictly prohibited in our homes. Showings must be in person; no virtual tours, thank you.
Last Agent to Rent the Property
ML Sullivan Property Management License #199065 Listed on: 11/26/2025
Townhouse Details
Home Type
- Townhome
Year Built
- Built in 2010
Lot Details
- 1,742 Sq Ft Lot
Parking
- 1 Car Attached Garage
- Private Driveway
- 1 Open Parking Space
- Assigned Parking
Home Design
- Entry on the 1st floor
Interior Spaces
- 1,860 Sq Ft Home
- 2-Story Property
- 1 Fireplace
- Entrance Foyer
- Living Room
- Dining Room
- Screened Porch
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary bedroom located on second floor
Laundry
- Laundry in unit
- Dryer
- Washer
Schools
- Dillard Elementary And Middle School
- Athens Dr High School
Utilities
- Central Air
- Heating System Uses Natural Gas
Listing and Financial Details
- Security Deposit $2,075
- Property Available on 11/26/25
- Tenant pays for all utilities, cable TV, electricity, gas, sewer, water
- 12 Month Lease Term
Community Details
Overview
- No Home Owners Association
- Silver Lake Bluffs Subdivision
- Park Phone (919) 493-7633
Recreation
- Community Pool
Pet Policy
- $400 Pet Fee
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 29, 2016
Sold by
Miller Emily G
Bought by
Srinivasan Mathangi and Raghavan Ravichander
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Outstanding Balance
$163,388
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$264,106
Purchase Details
Closed on
Jan 31, 2011
Sold by
M/I Homes Of Raleigh Llc
Bought by
Miller Emily G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,132
Interest Rate
4.82%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Srinivasan Mathangi | $255,000 | None Available | |
| Miller Emily G | $192,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Srinivasan Mathangi | $204,000 | |
| Previous Owner | Miller Emily G | $187,132 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/13/2026 01/13/26 | Rented | $2,075 | 0.0% | -- |
| 12/24/2025 12/24/25 | Under Contract | -- | -- | -- |
| 11/26/2025 11/26/25 | For Rent | $2,075 | -- | -- |
Source: Doorify MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,788 | $432,101 | $100,000 | $332,101 |
| 2024 | $3,773 | $432,101 | $100,000 | $332,101 |
| 2023 | $3,277 | $298,790 | $57,000 | $241,790 |
| 2022 | $3,045 | $298,790 | $57,000 | $241,790 |
| 2021 | $2,927 | $298,790 | $57,000 | $241,790 |
| 2020 | $2,874 | $298,790 | $57,000 | $241,790 |
| 2019 | $2,670 | $228,706 | $42,000 | $186,706 |
| 2018 | $2,467 | $223,926 | $42,000 | $181,926 |
| 2017 | $2,350 | $223,926 | $42,000 | $181,926 |
| 2016 | $2,301 | $223,926 | $42,000 | $181,926 |
| 2015 | $2,125 | $203,241 | $38,000 | $165,241 |
| 2014 | $2,015 | $203,241 | $38,000 | $165,241 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Sullivan
-
Turner Bass
Landlord's Co-Listing Agent in 2026
Turner Bass
ML Sullivan Property Management
(252) 531-1564
16 Total Sales
Map
Source: Doorify MLS
MLS Number: 10134986
APN: 0782.09-07-4054-000
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Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.
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